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HSBC Life Secures 19.5% Market Share in 9M 2024

by Celia

HSBC Life has secured a 19.5% market share in new business premiums and 19.4% in annualized new premiums for the first nine months of 2024, reinforcing its leadership in Hong Kong’s insurance sector.

The insurer, based in Hong Kong, continues to maintain its dominant position, marking its third consecutive quarter as the top performer in the industry, according to preliminary data from the Insurance Authority, released last Friday.

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Daisy Tsang, CEO of HSBC Life for Hong Kong and Macau, highlighted that the company had written over HK$33 billion in new business premiums during the period.

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Tsang attributed the growth to the expansion of its High-Net-Worth (HNW) business and the launch of a multi-currency product earlier this year, which contributed significantly to the impressive performance.

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